HomeMy WebLinkAboutOrdinance 19938-10-2011Ordinance No. 19938 -10 -2011
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN VARIOUS FUNDS IN THE AMOUNT OF $528,852.09,
FROM GAS LEASE REVENUES, FOR THE PURPOSE OF REIMBURSING
ADMINISTRATIVE EXPENSES ASSOCIATED WITH THE LEASING OF
CITY -OWNED MINERALS IN FISCAL YEAR 2011; PROVIDING FOR A
SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT
HEREWITH; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT
WORTH, TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2011-
2012 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Airports Gas Lease Project Fund in the amount of $84,039.62; Aviation
Endowment Gas Lease Fund in the amount of $84,035.14; Capital Projects Reserve Fund in the
amount of $47,691.15; General Endowment Gas Lease Fund in the amount of $47,622.38; Park
Gas Lease Project Fund in the amount of $29,412.90; Park System Endowment Gas Lease Fund in
the amount of $10,921.34; Golf Gas Lease Capital Project Fund in the amount of $45.99; Lake
Worth Gas Lease Capital Improvement Fund in the amount of $215,521.62; Water & Sewer Gas
Lease Capital Projects Fund in the amount of $7,171.85 and Water & Sewer Endowment Gas
Lease Fund in the amount of $2,390.10 for the purpose of reimbursing administrative expenses
associated with the leasing of City -owned minerals in Fiscal Year 2011.
SECTION 2.
That should any portion, section or part of a section of this ordinance be declared invalid,
inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or
judgment shall in no way impair the remaining portions, sections, or parts of sections of this
ordinance, which said remaining provisions shall be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No.19911 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance
are in direct conflict with such other ordinances and appropriations, in which instance said
conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
Ordinance No. 19938-10-2011
APPROVED AS TO FORM AND LEGALITY:
Assistant 'ty Attorney
ADOPTED AND EFFECTIVE: October 18, 2011
Ordinance No. 19938-10-2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 10118/2011 - Ordinance No, 19938
DATE: Tuesday, October 18, 2011 REFERENCE NO.: G -17412
LOG NAME: 062050 GAS OPERATING EXPENSE
SUBJECT:
Authorize Reimbursement of the General Fund in the Amount of $532,422.35 for Expenses Associated
with the Leasing of City -Owned Minerals in Fiscal Year 2011 from Royalties and Bonuses Received and
Adopt Appropriation Ordinance (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Airports Gas Lease Project Fund by $84,039.62, Aviation Endowment Gas Lease Fund by $84,035.14,
Capital Projects Reserve Fund by $47,691.15, General Endowment Gas Lease Fund by $47,622.38, Park
Gas Lease Project Fund by $29,412.90, Park System Endowment Gas Lease Fund by $10,921.34, Golf
Gas Lease Capital Project Fund by $45.99, Lake Worth Gas Lease Capital Improvement Fund by
$215,521.62, Water & Sewer Gas Lease Capital Projects Fund by $7,171.85, Water and Sewer
Endowment Gas Lease Fund by $2,390.10; and
2. Authorize the transfer of $532,422.35, as detailed below, to the General Fund to cover administrative
costs of mineral leasing associated with City -owned properties.
DISCUSSION:
On December 14, 2010, (M &C G- 17156) City Council adopted Financial Management Policy Statements
for Fiscal Year 2011. These policies included a provision to allow the periodic transfer of gas lease
revenues to the General Fund to offset budgeted administrative costs in the Planning and Development
Department and in the Financial Management Services Department for the leasing program. Further, the
allocation of the costs among the funds was intended to be proportional to the revenue collected in all
funds, including the permanent funds for that reporting period.
In Fiscal Year 2011, Staff leased 58 properties covering approximately 1,731 acres and managed the
deposit and allocation of more than $34,129,647.47 in bonus and royalties. The calculated cost of Staff
and overhead expense associated with these activities is $532,422.35 and should be allocated among the
various gas lease funds as follows:
Logname: 062050 GAS OPERATING EXPENSE Page I of 4
GAS LEASE FUND
551929990100
i.......... ...... .............. .............
T125-
;055125099901
GC10-
!006060001000
006127099901
�
;C282 . �� �.�
;801929990100
`80192_9990300
7122- 8019200:
1929990100
;601159990100
P245-
601149990100
P245-
6011_49990300
X060124099901
R109-
017109005011
R152- 0171000
DEPARTMENT
viation
viation
General
�— �
-----
Parks and
Community
,Services
;Parks and Community
'Services
3371 ;Parks and Community
,Services
ACS -Golf
ake Worth
/ater /Sewer
later /Sewer
later /Sewer
$ 2,390.10
Housing Finance 1,827.15
Corporation
Local Development
;Corporation * $ 1,743 11
* Expenses for Housing Finance Corporation and Local Development Corporation will be submitted for
Board Approval.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached appropriation ordinance, funds will be available in the current operating
budget, as appropriated, of the General Fund.
FUND CENTERS:
Logname: 062050 GAS OPERATING EXPENSE Page 2 of 4
TO Fund /Account/Centers
FROM Fund /Account/Centers
1)
P240
446200
551929990100
$84,039.62
2) P240 538070 551929990100
$84,039.62
1)
P240
538070
551929990100
$84.039.62
2) T125 538070 055125099901
$84,035.14
1)
T125
446200
055125099901
$84,035.14
2) GC10 538070 006060001000
$47,691.15
1)
T125
538070
055125099901
$84,035.14
2) T127 538070 006127099901
$47.622.38
1)
GC10
446200
006060001000
$47,691.15
2) C282 538070 801929990100
$17,422.75
1)
GC10
538070
006060001000
$47,691.15
2) C282 538070 801929990300
$11,990.15
1)
T127
446200
006127099901
$47,622.38
2) T122 538070 080192003371
$10,921.34
1)
T127
538070
006127099901
$47,622.38
2) P243 538070 801929990100
$45.99
1)
C282
446200
801929990100
$17,422.75
2) C246 538070 601159990100
$215,521.62
1)
C282
538070
801929990100
$17,422.75
2) P245 538070 601149990100
$4,781.74
1)
C282
446200
801929990300
$11,990.15
2)P245 538070 601149990300
$2,390.11
1)
C282
538070
801929990300
$11,990.15
2) T124 538070 060124099901
$2,390.10
1)
T122
446200
080192003371
$10.921.34
2) R109 538070 017109005011
$1,827.15
1)
T122
538070
080192003371
$10,921.34
2) R152 538070 0171000
$1,743.11
1)
P243
446200
801929990100
$45.99
1)
P243
538070
801929990100
$45.99
1)
C246
446200
601159990100
$215,521.62
1)
C246
538070
601159990100
$215,521.62
1)
P245
446200
601149990100
$4,781.74
1)
P245
538070
601149990100
$4,781.74
1)
P245
446200
601149990300
$2,390.11
1)
P245
538070
601149990300
$2,390.11
1)T124
446200
060124099901
$2,390.10
1)T124
538070
060124099901
$2,390.10
2)
GG01
472240
0062050
$84,039.62
2)
GG01
472125
0062050
$84,035.14
2)
GG01
472010
0062050
$47.691.15
2)
GG01
472127
0062050
$47,622.38
2)
GG01
472282
0062050
$29,412.90
2)
GG01
472122
0062050
$10,921.34
2)
GG01
472243
0062050
$45.99
2�
GG01
472246
0062050
$215.521.62
2)
GG01
472245
0062050
$7,171.85
2
GG01
472124
0062050
$2,390.10
2)
GG01
472109
0062050
$1,827.15
2)
GG01
472152
0062050
$1,743.11
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Logname: 062050 GAS OPERATING EXPENSE Page 3 of 4
Originating Department Head:
Additional Information Contact:
Randle Harwood (6101)
Jean Petr (8367)
Shirley Talley (2592)
Logname: 062050 GAS OPERATING EXPENSE Page 4 of 4